Leading global life reinsurer achieves unprecedented milestone for U.S. mortality market
ST. LOUIS, Sept. 28, 2017 – Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global life reinsurer, announced today that its U.S. underwriting team received its three millionth facultative case since the company began tracking these statistics in 1979. RGA’s vast database of mortality experience has established the company as a world leader in facultative underwriting, a process through which a reinsurer underwrites an individual life application submitted by an insurance company seeking to share the risk on cases that may be unusual, large, or substandard.
“This is an unprecedented accomplishment that is a direct result of our unrelenting focus on our clients’ needs,” said David Wheeler, Executive Vice President and Head of U.S. Mortality Markets. “We use our facultative expertise to address the challenges insurers face one case at a time, and we are proud to have supported our clients, their three million customers, and their families.”
Wheeler added that RGA’s ever-expanding facultative capabilities and experience fuel innovation, creating new insights, new products, and new risk management tools designed with clients in mind.
“We understand the value of human touch and pride ourselves on the expertise our underwriters provide as part of our facultative services,” said Wheeler. “In an age where technology and innovation are driving advances across our industry, RGA’s underwriting strength and relationship focus serves as the bedrock our clients trust and depend on.”
About RGAReinsurance Group of America, Incorporated (RGA), a Fortune 500 company, is among the leading global providers of life reinsurance and financial solutions, with approximately $3.2 trillion of life reinsurance in force and assets of $58.1 billion as of June 30, 2017. Founded in 1973, RGA today is recognized for its deep technical expertise in risk and capital management, innovative solutions, and commitment to serving its clients. With headquarters in St. Louis, Missouri and operations in 26 countries, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions. To learn more about RGA and its businesses, visit the company’s website at www.rgare.com.